Reasons for Rejection of Home Loan application

Majority of us do not take our loan application seriously, especially if we are salaried employees with a decent monthly income. However, lenders today are extremely cautious and a stringent procedure is followed by all banks before a loan is approved and credit is disbursed by them, thanks to a 320.50 per cent increase in […]

Earlier getting a home a loan was easier as the lending companies or banks were competing with each other to attract maximum borrowers through attractive schemes such as teaser home loans. But now Reserve Bank of India (RBI) announced a series of monetary measures that tightened the norms for home loans. The RBI also sought to discourage […]